Category: Insurance tips Release Date: 2006-08-01
Valuation of property insurance by the insurance division of the value of different compensation insurance classification valuation insurance, variable value of insurance, the insurance replacement value and the first four kinds of risk insurance.
Valuation of the amount of insurance is the insurance when the insured both the insured and the insurer agreed to determine the value of insurance, insurance, damage to property at the time when the damage regardless of the actual value (market price), their insurers, according to the insurance contract terms agreed upon amount of insurance indemnity , total loss by insurance, the amount of compensation, part of the loss by the insurance amount is multiplied by the percentage of loss (or depreciation rate) calculation of compensation.
According to the principles of compensation and property insurance, the amount of compensation should be based on actual loss, that loss of the then market price of the underlying insurance limit. Valuation of insurance to the insured property, insurance contracts at the beginning of setting the value determined at the time instead of the loss occurred after the valuation of the subject matter of insurance, it is by mutual agreement, the insurer agrees, and is built on the basis of good faith, therefore, the implementation of valuation of the insured amount is not contrary to the principles of compensation and property insurance.
Valuation of insurance generally applicable to goods transportation insurance. Of departure and destination of goods market prices is different from the consignee in order to protect the real interests of the insured goods determined at the time the insurance payments are often the cost of goods and transportation costs, insurance premiums, along with the expected profits included to form a fixed value of the insurance .
Unvalued insurance refers to insurance contracts entered into and property into the subject matter is not the real value of the insurance agreement, setting out the amount of insurance the insurance accident occurs only as the maximum amount of compensation, insurance person to the event of loss insurance, the real value of the underlying (market price) to calculating compensation, the actual value is less than the insurance amount, according to the actual value of the compensation, the actual value is higher than the insurance amount, the difference should be treated as self-insurance policyholders, the insurer by the insurance amount and the actual value of the ratio of compensation.
China Property Insurance In addition to cargo transportation insurance, the largest are of uncertain value of the insurance. However, according to the book value of the insured, if there were any fixed value of insurance, the nature of the disagreement. In fact, even according to the book value of insurance, phased in insurance premiums and settlement of the case, the book value of the amount of insurance is only as a basis for settlement of insurance premiums, not by the insured when Chuxian settlement of claims when the insured amount, but by Chuxian book price of the day, as the maximum compensation limit, according to the actual loss calculation of compensation, while the book value of the day Chuxian with the most recent settlement of the amount of insurance premiums must be differentiated, so according to the book value of the insured may still should be an unvalued insurance.
Replacement value insurance is defined as more than the actual value of subject-matter insured as an insurance replacement value of the amount of reconstruction for insurance. Reset the redevelopment value of the property could include the right to reset the redevelopment costs and expenses spent in the valuation, but also may include the inflation factor.
According to replacement value to determine the amount of insurance renewal, the insured person can be fully protected, need not be accumulated for depreciation over the years to compensate for the difference between the reset renewal, but also because of the effects of inflation, prices showed a general upward trend, the insured person Even if the constantly adjusted insured, it is difficult to fully achieve full coverage. Therefore, the insured person is willing to press the reset reconstruction of a pre-determined price of insurance, the corresponding pay more premiums in order to achieve once the Chuxian adequate insurance cover is damaged.
The reconstruction by replacement price of insurance, if the total loss of property, then the reconstruction or replacement of property for a similar property, home, or property, part of the loss, the loss of part of the repair and damage to property restitution, are equivalent to roughly the same words property when the new or the same as buying a new home, to bad to or greater than the time the status of the condition. If the property damage, replacement cost of rebuilding exceeds the insurance amount, the excess shall be deemed to be insured to protect themselves, insurers bear the losses accordingly apportioned responsibility.
The first risk insurance means the consent of the insured in the insurance, not all of the real value of their property and to determine the amount of insurance an insurance accident that may occur to determine the maximum amount of loss. In the event of loss, regardless of insurance amount and the proportion of the number of total value of the property, as long as the amount of insurance within the limits, according to the actual damages, loss lose how much, not to be apportioned.
The first risk insurance is actually the insurance value of the property is divided into two parts, the first part of the value and amount of insurance equal to the amount of insurance in any part of the property, insurance, people believe that the full insurance, to give full compensation; more than the amount of insurance The second part of the value of the insurer is considered to be "second danger", the insured person not covered by insurance, the loss occurred shall be borne by the insurer themselves.
